Tesla stock pops as quarterly vehicle deliveries beat Wall Street estimates
How much did Tesla stock increase early Tuesday?
Tesla stock (TSLA) increased by roughly 5% in early trading on Tuesday, following the company's report of quarterly vehicle deliveries that surpassed Wall Street expectations1. The EV maker delivered 443,956 vehicles during the second quarter, compared to an analyst consensus estimate of 439,302 deliveries1.
What were Tesla's vehicle deliveries in the second quarter?
Tesla's vehicle deliveries in the second quarter of 2024 were 443,956, which beat Wall Street estimates. This marked a 14.8% increase from the first quarter of 2024 but a 4.8% decline year-over-year. The company produced 410,831 vehicles during the same period.
How many vehicles did Tesla produce in the second quarter?
Tesla produced approximately 411,000 vehicles in the second quarter of 2024. This figure is based on the company's statement, which also reported delivering approximately 444,000 vehicles in the same period. These numbers indicate a 14% drop in production compared to the second quarter of 2023.